The other big issue about being an "investor-friendly" agent is that investors expect the agent to chase their tail by driving around looking at every potential home the investor sees on Zillow and then make a bajillion low-ball offers for them "just to see if they stick".

@Michael Oliver you may want to read about the Good, Bad & Ugly of Detroit in our "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseDoubt you'll find this much info for any other market in the country.

I admit that the allure of interest-only payment to drive insane profitability from cash flows is attractive; however, I don't see a standard process that the lender follows, but it may just be the affiliate/broker representing them who isn't very formal. 

This is just speculation, but supply and demand drive the market...Reach out if you want to connect or chat more about the marketAlan,My question is why do you say not to factor in other expenses other than the PITI for net income.

Fresh coat of paint, new LVP flooring, landscaping, fixtures, some basic service, and deep cleaning- It was a total of $14,091, and it was from my pocket.

GET LEADS: You do this by using free methods such as driving for dollars or networking if you don’t have any money to spend.

The seller was the original developer that had owned these properties for decades.There was no underlying flaw or hidden upside that would drive this behavior.  

To make deals go through, you need to get along with buyers and understand what drives them.

Ehhh my own fault.I'm deep on regional banks.I believe they are the back bone of American small business and all seem very well positioned.After reviewing many P&L's and balance sheets, I see lot's of value but time will tell.I'll either be a hero or a zero with this high risk investment.Wishing you much success and keep the dream alive 

I will make certain to tell them our story and to warn folks to proceed with extreme caution whenever an "investment" opportunity comes their way from Scott and I will cite this very experience to drive the point.